EIP-7702 Phishing Drain $1M wit Fake Uniswap Interface
One EIP-7702 phishing exploit for Ethereum run use fake Uniswap interface to fool person make approve one deceptive wallet signature wey give delegation under EIP-7702. The attacker do quick, Uniswap-like batch token swaps and transfers, drain about $1 million from the victim’s wallet. Security researchers for SlowMist talk say one single EIP-7702 phishing delegation signature fit allow plenty token operations without any further confirmations. This matter show urgent need for better wallet-side validation, clear signature prompts, plus regular permission audits. Traders suppose immediately cancel suspicious approvals, move their assets go secure wallets, and turn on hardware confirmations make dem reduce EIP-7702 phishing risks.
Neutral
Di $1 million loss wey come from di EIP-7702 phishing exploit dey show how wallet security get risk but e no dey directly affect Ethereum fundament or market liquidity well well. Past phishing cases like dis dey cause small local sell pressure because people dey fear security matter, but e no dey make market fall reach continue. For short term, traders fit reduce how much risk dem dey carry and fit make their wallet matter tight, but for long term, market go likely remain neutral because general confidence for Ethereum protocol and decentralized finance dey continue as long as dem dey improve security.